Loop Capital raised the firm’s price target on Disney to $140 from $113 and keeps a Buy rating on the shares ahead of its earnings. The firm sees fewer announcements this time following CEO Iger’s “master class” in beating an acitivst investor last quarter, but anticipates streaming losses ahead of guidance and closer to breakeven, the seeds for a film turnaround, consumer confidence and easier comps going forward providing stability in the theme park division, along with the start of share repurchases, the analyst tells investors in a research note.
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